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Palladian PrivateBank has a savings account with a 1.5% annual percentage yield (APY). The APY is accurate as of Sept. 29, 2010, and is subject to change at any time. The minimum deposit required for the online savings account is $10,000.

Palladian PrivateBank customers can also open a certificate of deposit (CD) with a term of 3 months, 6 months, or 12 months. The 3-month CD rate is 0.8% APY, the 6-month rate is 1% APY, and the 12-month CD rate is 1.25%. To open a CD and earn the advertised rate you need a minimum of $10,000. Withdrawing money early from a CD results in a penalty.

The CD rate is effective for 14 calendar days from the date that the bank receives a completed application. The bank may not be able to honor the advertised CD rate if the account opening process is not finalized according to the bank’s instructions within the 14-day period.

The Palladian PrivateBank is a division of The PrivateBank and Trust Co. and is a wholly owned subsidiary of PrivateBancorp, Inc., a diversified financial services company based in Chicago. The financial services firm has 34 offices in 10 states. Deposits in CDs and savings accounts are insured by the Federal Deposit Insurance Corp.

LGE Credit Union is offering a bonus of up to $150 for opening two new accounts. The credit union is offering $100 for opening a new High Rate Checking Account and $50 for a new Visa credit card. Print the offer from the credit union’s website and take it to any branch by Nov. 15, 2010 to be eligible for the bonus. The bonus offer cannot be combined with other offers.

The checking account has no minimum balance and no monthly fees. It also has an annual percentage yield (APY) of 3% for balances up to $25,000. Balances over $25,000 earn 0.5% APY. Members who open a checking account automatically qualify for High Rate Checking benefits the first month. If the account meets all criteria the second month, the $100 bonus gets deposited into the account on the first business day of the next month.

Members who open a Visa Platinum or Achiever credit card and make three transactions that clear the account within 90 days of opening will have the $50 bonus deposited into the account.

To join the credit union you must be a resident of Cobb, Cherokee, or Paulding counties or be affiliated with one of over 350 partner groups.

The U.S. Treasury has proposed that banks be required to report all electronic funds transfers into, and out of, the U.S. Banks have only been required to report cash transfers over $10,000 and others they believe are suspicious. Credit card and ATM transactions would not be affected by the new rule.

The change in rules is part of the government’s efforts to crack down on money laundering and financing for terrorists. The goal is to better track financial transactions so that unusual activity can be detected.

“By establishing a centralized database, this regulatory plan will greatly assist law enforcement in detecting and ferreting out transnational organized crime, multinational drug cartels, terrorist financing and international tax evasion,” James H. Freis Jr., director of the Treasury’s Financial Crimes Enforcement Network (FinCEN), said in a statement.

Some opponents of the proposal cited concerns about the government collecting so much personal data. “These new banking surveillance programs are testing the boundaries of privacy,” Marc Rotenberg, executive director of the Electronic Privacy Information Center, told the Washington Post. “Many consumers both in the United States and outside are likely to object.”

The U.S. poverty rate in 2009 was 14.3% of the population, or 43.6 million people, according to the U.S. Census Bureau. That was up from 13.2%, or 39.8 million in 2008 and was the 3rd year in a row the poverty rate rose. The number of people living in poverty in 2009 also was the highest in the 51 years the poverty estimates have been available.

The Census data show that 25.8% of Blacks, 25.3% of Hispanics, and 9.4% of non-Hispanic Whites lived in poverty, all increases from the previous year. The poverty rate for Asians was 12.5%, basically unchanged from 2008. The Census data also found that the percentage of uninsured Americans rose to 16.7%, or 50.7 million people, up from 15.4%, or 46.3 million.

For many Americans who’ve fallen below the poverty line, building a savings might seem unattainable. While it is tough to add to a savings account on a low income, it’s not impossible. Even if you can only spare $5 a week to deposit into a savings account, make a commitment to do it. Small, but regular deposits can add up over time. As your income increases, add to the amount of your savings contributions.

Open a Sovereign Bank Premier Banking package and you could earn a $150 cash bonus. The Premier Banking package includes a Premier Checking Account and Premier Money Market Savings Account. The offers is good through Nov. 12, 2010. Details of the offer include:

Must request a Sovereign Debit Card and use it to make five purchases within 60 days of opening account or set up direct deposit

After all the requirements have been met, you receive the $150 bonus as a credit in your checking account within 75 days of opening the account. Sovereign Bank’s money market and checking accounts have tiered interest rates.

Bank rates
provided by MoneyRates.com based on average rates for deposits under $10K and conforming mortgage rates

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Advertiser Disclosure: Many of the savings offers
appearing on this site are from advertisers from which this website receives compensation for being listed here.
This compensation may impact how and where products appear on this site (including, for example, the order in which they appear). These offers do not represent all deposit accounts available.